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The Hackett Group’s Quantum Leap Redefines Enterprise Benchmarking
Market-Leader Launches Game-Changing Digital Benchmarking Platform; Quantum Leap® Enhances Insight and Accelerates Benefit Realization and ROI
MIAMI & LONDON, August 24, 2017 – The Hackett Group, Inc. (NASDAQ: HCKT) has launched Quantum Leap, a game-changing digital benchmarking and performance improvement platform that dramatically speeds up the benchmarking process, enabling companies to intelligently assess performance gaps, frame world-class solutions and ensure improvement success within general and administrative (G&A) areas such as corporate finance, procurement, human resources, and information technology.
The Hackett Group’s digital platform is backed by more than 17,850 business benchmarking studies, which offers insight into the successful behaviors and practices of leading organizations. With the goal of expediting clients quickly into performance analysis and improvement, the “IP as a Service” solution also monitors improvement initiatives and return on investment.
“Digital transformation is further increasing competitive pressures, making it more important than ever to be able to truly understand and optimize performance,” said Ted A. Fernandez, chairman & CEO of The Hackett Group. “The Hackett Group’s benchmarks have long been the standard for companies seeking to improve enterprise efficiency and effectiveness. They offer an unparalleled empirical starting point, enabling companies to see how their performance compares to both typical and world-class companies, identify exactly what changes need to be made and how, and what performance targets to shoot for.”
According to Anthony Snowball, global benchmarking practice leader, The Hackett Group, “While the value of benchmarking is unquestionable, it has historically been a labor-intensive process, making it very challenging for companies to repeat on a regular basis. However it’s a challenge worth solving for our clients. Our world-class research proves that benchmarking drives related improvement, and therefore repeating the discipline consistently identifies opportunities and improvements that yield benefit. Our data shows that companies benchmarking more than once in a four-year period noticed an 8 percent reduction in SG&A costs where those that did not benchmark repeatedly experienced an increase in cost over that same period.”
According to Eric DiCianno, chief technical officer for The Hackett Group, “Quantum Leap overcomes many of the obstacles companies have faced in leveraging benchmarking as part of a true continuous improvement process. The platform makes it easy to quantify where performance gaps exist, determines how to address them, and then tracks progress and ROI of transformation on an ongoing basis. This offers our clients an exclusive and powerful advantage in executing their transformations.”
A key part of The Hackett Group’s mission is to aid clients in their pursuit of quantifiable benefits. The value of achieving world-class performance can yield reduction in SG&A costs of up to 45 percent, or $39 million/year (for a typical $1 billion company), reduction in annual sourcing costs of 22 percent or $20 million/year, and a 59 percent improvement in annual cash performance, netting $187 million/year in savings. Quantum Leap’s vision is to help clients achieve these benefits more quickly, and with less effort.
Quantum Leap does so by enabling end-to-end improvement, starting first with The Hackett Group’s world-class benchmarking capabilities. Improvement opportunities are defined, automatic solutions are generated to address performance gaps, and the platform’s initiative tracking and dashboarding capabilities drive accountability and ensure benefit realization.
For more information on Quantum Leap, visit this link:.https://bit.ly/2x95MVE, email us at info@thehackettgroup.com, or call (770) 225-3600.
About The Hackett Group, Inc.
The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm to global companies, offering digital transformation including robotic process automation and enterprise cloud application implementation. Services include business transformation, enterprise analytics, working capital management and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology, including its award-winning Oracle and SAP practices.
The Hackett Group has completed more than 17,850 benchmarking studies studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 90% of the Fortune 100, 80% of the DAX 30 and 57% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ which includes the firm’s benchmarking metrics, best practices repository and best practice configuration guides and process flows, which enable The Hackett Group’s clients and partners to achieve world-class performance.
Cautionary Statement Regarding “Forward Looking” Statements
This release contains “forward looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, seeks”, “estimates” or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward looking statements. Forward looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward looking statements. Factors that may impact such forward looking statements include without limitation, the ability of Hackett to effectively market Quantum Leap, market acceptance of Quantum Leap, competition from other consulting and technology companies who may have or develop in the future, similar offerings, the commercial viability of Hackett and its benchmarking, consulting and other individual business lines, changes in expectations regarding the business consulting industry, changes in applicable law that may impact the profitability or feasibility of consulting services, the ability of the Company to attract skilled employees, changes in collections of accounts receivable, risk of competition, price and margin trends, changes in general economic conditions and interests rates as well as other risk detailed in Hackett’s reports filed with the United States Securities and Exchange Commission. Hackett does not undertake any duty to update this release or any forward looking statements contained herein.
